DAKOTA
DAKOTA is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Discovery Operating, Inc. It has 2 wellbores on file with the Commission. Reported production runs from June 2011 to August 2026, totalling 119,095 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $1.5M, with roughly $339K expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 652 barrels a month, about 326 per wellbore. Its strongest month on the record we hold was November 2025, at 1,671 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about DAKOTA
- Who operates DAKOTA?
- DAKOTA is operated by Discovery Operating, Inc., Railroad Commission of Texas operator number 220865.
- Where is DAKOTA?
- DAKOTA is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 41509.
- Is DAKOTA still producing?
- DAKOTA is currently producing. The most recent month of production reported to the Railroad Commission of Texas for DAKOTA is August 2026.
- How much has DAKOTA produced?
- DAKOTA has reported 119,095 barrels of oil (bbl) to the Railroad Commission of Texas between June 2011 and August 2026, from 2 wellbores.
- How much is DAKOTA worth?
- The remaining production from DAKOTA is estimated to be worth about $1.5M in total as of 26 August 2026, within a range of $1.2M to $1.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DAKOTA is a fraction of it. The estimate fits an Arps decline curve to the production DAKOTA has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DAKOTA is an estimate of value, not an offer and not an appraisal.
- How much income does DAKOTA generate in a year?
- DAKOTA is forecast to net about $339K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in DAKOTA receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Discovery Operating, Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 41509 |
| Wellbores | 2 |
| Reported production | 119,095 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.5M |
Where DAKOTA sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.